Cosco Shipyard Group Ltd News

Contracts from a European company to build one (1) DP3 accommodation barge scheduled for delivery in 3Q2016 and an Asian company for two (2) 64,000DWT bulk carriers scheduled for delivery in 1H2016. Additionally, the contract under the second option cited in the announcement dated 12 September 2013 to build one (1) 64,000DWT dry bulk carrier for a European company has been rendered effective. The bulk carrier is scheduled for delivery in 2Q 2017. Contracts from an Asian company to build two (2) 82,000DWT bulk carriers scheduled for delivery in 4Q2015 and 1Q2016 respectively; and a European company to build two (2) 82,000DWT bulk carriers scheduled for delivery in 2Q2016 and 3Q2016 respectively.

COSCO Corporation (Singapore) Limited subsidiary COSCO (Guandong) Shipyard has successfully delivered the vessel to a European owner. The bulk carrier of 57000 dwt, named Klima measures 189.99 meters in LOA, 32.26 meters in breadth and 18 meters in depth. COSCO Guandong is a 51% owned subsidiary of COSCO Shipyard Group Ltd. COSCO add that the delivery documents were signed by and between COSCO Guangdong and the buyer on 8 January 2013.